Mumbai-based payment services startup Airpay has raised Rs 24 crore ($3.6 million) as part of a Series A round led by Kalaari Capital and existing investors Rakesh and Rajesh Jhunjhunwala.

The company, operated by Airpay Payment Services Pvt. Ltd, will use the funds to build its technology, sales, distribution and support infrastructure to expand its enterprise customer base, it said in a statement.

Founded by Amit Kapoor, Kunal Jhunjhunwala and Rohan Deshpande in 2012, Airpay offers various payments services to medium and large enterprises. Its omni-channel platform provides enterprise software as a service (SaaS) solutions to its clients to accept inbound payments from consumers (C2B) and process outbound payments to pay vendors (B2B).